Kaleidoscope Theater Inc
EIN: 50377226 · Cranston, RI · NTEE: A65Z
| Metric | Value |
|---|---|
| Total Expenses | $111K |
| Net Assets | $-121,043 |
Is Kaleidoscope Theater Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Kaleidoscope Theater Inc
Kaleidoscope Theater Inc (EIN: 50377226) is a nonprofit organization based in Cranston, RI, classified under NTEE code A65Z. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kaleidoscope Theater Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kaleidoscope Theater Inc is a micro nonprofit that has been operating for 47 years, with 8 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of -10.2%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $77K |
| Total Expenses | $111K |
| Surplus / Deficit | $-33,733 |
| Total Assets | $43K |
| Total Liabilities | $164K |
| Net Assets | $-121,043 |
| Operating Margin | -43.6% |
| Debt-to-Asset Ratio | 380.9% |
| Months of Reserves | 4.7 months |
Financial Health Grade: C
In 2019, Kaleidoscope Theater Inc reported a deficit of $34K with expenses exceeding revenue, holds 4.7 months of operating reserves (adequate), has a debt-to-asset ratio of 380.9% (high leverage).
Financial Trends
Over 8 years of filings (2011–2019), Kaleidoscope Theater Inc's revenue has declined at a compound annual growth rate (CAGR) of -10.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -25.3% | -6.4% | -6.4% |
| 2017 | -15.7% | +25.7% | -7.2% |
| 2016 | +17.2% | -21.9% | +197.7% |
| 2015 | -0.4% | -3.1% | -37.4% |
| 2014 | -30.5% | -23.2% | -33.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 0000 |
| IRS Ruling Date | 1979 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Kaleidoscope Theater Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Kaleidoscope Theater Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $34K, with expenses exceeding revenue.
- Debt-to-asset ratio: 380.9%.
Frequently Asked Questions about Kaleidoscope Theater Inc
Is Kaleidoscope Theater Inc a legitimate charity?
Kaleidoscope Theater Inc (EIN: 50377226) is a registered tax-exempt nonprofit based in Rhode Island. It has 8 years of IRS 990 filings on record. No red flags identified. Financial health grade: C.
How does Kaleidoscope Theater Inc spend its money?
Kaleidoscope Theater Inc reported its financials in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Kaleidoscope Theater Inc tax-deductible?
Kaleidoscope Theater Inc is registered as a tax-exempt nonprofit (EIN: 50377226). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Kaleidoscope Theater Inc located?
Kaleidoscope Theater Inc is headquartered in Cranston, Rhode Island and files with the IRS under EIN 50377226. It is classified under NTEE code A65Z.
How many years of IRS 990 filings does Kaleidoscope Theater Inc have?
Kaleidoscope Theater Inc has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Kaleidoscope Theater Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2019), Kaleidoscope Theater Inc's revenue has declined by 57.8%, moving from $184K to $77K. Total assets increased by 72.9% over the same period, from $25K to $43K. Total functional expenses fell by 43.1%, from $195K to $111K. In its most recent filing year (2019), Kaleidoscope Theater Inc reported a deficit of $34K, with expenses exceeding revenue. The organization holds $164K in liabilities against $43K in assets (debt-to-asset ratio: 380.9%), resulting in net assets of $-121,043.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $77K | $111K | $43K | $164K | — | View 990 |
| 2017 | $104K | $119K | $46K | $95K | — | View 990 |
| 2016 | $123K | $94K | $50K | $83K | — | View 990 |
| 2015 | $105K | $121K | $17K | $79K | — | View 990 |
| 2014 | $105K | $125K | $27K | $73K | — | View 990 |
| 2013 | $151K | $163K | $40K | $66K | — | View 990 |
| 2012 | $162K | $151K | $22K | $37K | — | View 990 |
| 2011 | $184K | $195K | $25K | $51K | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $77K, expenses of $111K, and assets of $43K (revenue -25.3% year-over-year).
- 2017: Revenue of $104K, expenses of $119K, and assets of $46K (revenue -15.7% year-over-year).
- 2016: Revenue of $123K, expenses of $94K, and assets of $50K (revenue +17.2% year-over-year).
- 2015: Revenue of $105K, expenses of $121K, and assets of $17K (revenue -0.4% year-over-year).
- 2014: Revenue of $105K, expenses of $125K, and assets of $27K (revenue -30.5% year-over-year).
- 2013: Revenue of $151K, expenses of $163K, and assets of $40K (revenue -6.3% year-over-year).
- 2012: Revenue of $162K, expenses of $151K, and assets of $22K (revenue -11.9% year-over-year).
- 2011: Revenue of $184K, expenses of $195K, and assets of $25K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kaleidoscope Theater Inc:
Data Sources and Methodology
This transparency report for Kaleidoscope Theater Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.